Re: A Question for CLL Investors!
in response to
by
posted on
Sep 11, 2009 05:35PM
Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta
Brian:
What's your fetish with management all about? Last weekend someone wants everyone to answer " where'd all da money go?" now you're asking do you trust management.What are the intentions of the both of you? Is it to start debate or to provide a forum for all those with a bone to pick, an opportunity to do some bashing?
Look it's really very simple
On Trust
You know you're an idiot IF
1- You don't trust the management of a company, yet still hold shares.
2 -You let anyone on these boards influence your opinion on any company.
ON where da money go
Just read the darn Financial PG 22 2009 2nd qtr results and the press release histories. I added up all the money raised from sales of shares and debentures published since 2002 and came up with approx $628 million.
$1,723,370,000 Total Assets
$1,101,135,000 Total Liabilities
$622,235,000 Total Shareholder Equity
THAT'S ALL THAT COUNTS ,CLL IS WORTH MORE THAN IT OWES PERIOD
$1,723,370,000 Total Assets
$960,593,000 Total Debt
$628,000,000 Cash Raised Shares, Debentures
$134,777,000 THE BALANCE when you subtract monies raised from total assets.
Very simple and non scientific..NO MATTER how you look at it CLL is worth more than it owes and more importantly is worth MORE than monies raised. HOW money is spent is irrelevant, what counts at the end of the day is the BOTTOM LINE.